Hmong American Partnership

Analysis

Hmong American Partnership is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hmong American Partnership reported income of $19.6m and spending of $13.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $19.6m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hmong American Partnership sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Colorado Nonprofit Development Center ($19.6m), Step Up Suncoast Inc ($19.7m) and Latino Economic Development Corporation of Washington DC ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $480k (3.5% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $27.2m against liabilities of $11.7m, net assets of $15.5m. It reported 135 employees.